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Way2wealth vs Shoonya by Finvasia – Compare Charges, Trading Features, Offers & more

Find a Comparison of Way2wealth vs Shoonya by Finvasia here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Way2wealth and Shoonya by Finvasia.

Background

Year of Incorporation 1984 2020
Website https://www.way2wealth.com/ https://shoonya.com/
Phone 1800 425 3690 FREE +91-172-474-0000
Exchanges enabled NSE, BSE, MCX-SX, MCX, & NCDEX BSE, NSE, NCDEX, MCX
Demat (NSDL/CDSL) NSDL, CDSL CDSL
Brokerage

Equity 0.04% for Intraday, 0.4% for Delivery - Negotiable 0
Equity Futures 0.04% of Turnover - Negotiable 0
Equity Options Rs 50/lot - Negotiable 0
Currency Futures 0.04% of Turnover - Negotiable 0
Currency Options Rs 50/lot - Negotiable 0
Commodity 0.04% of Turnover - Negotiable 0
Account Opening Costs

Trading only NA 0
Trading & Demat Rs 350 0
Commodity Rs 100 0
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0038% of Turnover 0
Futures 0.0034% of Turnover 0
Options 0.056% of Premium Turnover 0
Commodities 0.0035% of Turnover 0
AMC charge Rs 330 0
DP Transaction Charge Rs 18/debit instruction Rs 9 + GST
Offline order placing Charge NIL 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days on NEST Yes
End of Day 10 years on NEST Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 6 times for Intraday, 0 for Delivery 1x
Equity Futures Upto 2 times for Intraday 1x
Equity Options No Leverage 1.5x
Currency Futures Upto 2 times for Intraday 1.2x
Currency Options No Leverage 1.5x
Commodity Upto3 times for Intraday 1.5x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 4.2 Lakhs 0
Profit after Tax FY12/13 Rs 5.87 Lakhs 0
Profit after Tax FY13/14 Rs 5.23 Lakh 0
Profit after Tax FY 14/15 Rs 7.93 Lakh 0
Profit after Tax FY 15/16 Rs 11.19 Lakh 0
Profit after Tax FY 16/17 Rs 11.74 Lakh 0
Profit after Tax FY 17/18 Rs 12.16 Lakh 0
Profit after Tax FY 18/19 Rs 14.39 Lakh 0
Profit after Tax FY 19/20 Rs 14.50 Lakh Rs 140 Crores
Profit after Tax FY 20/21 Rs 16.00 Lakh Rs 225.12 Crores
Profit after Tax FY 21/22 Rs 17.02 Lakh Rs 248.93 Crores
Profit after Tax FY 22/23 Rs 15.37 Lakh Rs 451.24 Crores
Debt FY11/12 Rs 10.4 Lakhs 0
Debt FY12/13 Rs 17.2 Lakhs 0
Debt FY13/14 Rs 19.78 Lakh 0
Debt FY14/15 Rs 16.80 Lakh 0
Debt FY15/16 Rs 20.27 Lakh 0
Debt FY16/17 Rs 18.04 Lakh 0
Debt FY17/18 Rs 22.55 Lakh 0
Debt FY18/19 Rs 22.41 Lakh 0
Debt FY19/20 Rs 23.16 Lakh Rs 5.31 Crores
Debt FY20/21 Rs 25.14 Lakh Rs 6.45 Crores
Debt FY21/22 Rs 26.94 Lakh Rs 7.63 Crores
Debt FY22/23 Rs 25.88 Lakh Rs 6.85 Crores
Profit to Equity(%) FY11/12 0.25 0
Profit to Equity(%) FY12/13 1.52 0
Profit to Equity(%) FY13/14 2.39 0
Profit to Equity(%) FY14/15 3.71 0
Profit to Equity(%) FY15/16 3.71 0
Profit to Equity(%) FY16/17 4.61 0
Profit to Equity(%) FY17/18 5.42 0
Profit to Equity(%) FY18/19 6.22 0
Profit to Equity(%) FY19/20 7.38 3.12%
Profit to Equity(%) FY20/21 8.12 2.75%
Profit to Equity(%) FY21/22 9.22 3.94%
Profit to Equity(%) FY22/23 10.22 4.31%
Balance Sheet Size FY11/12 Rs 159 Crores 0
Balance Sheet Size FY12/13 Rs 148 Crores 0
Balance Sheet Size FY13/14 Rs 170 Crores 0
Balance Sheet Size FY14/15 Rs 187.92 Crores 0
Balance Sheet Size FY15/16 Rs 259.67 Crores 0
Balance Sheet Size FY16/17 Rs 289.46 Crores 0
Balance Sheet Size FY17/18 Rs 160.16 Crores 0
Balance Sheet Size FY18/19 Rs 240.46 Crores 0
Balance Sheet Size FY19/20 Rs 294.59 Crores Rs 1503 Crores
Balance Sheet Size FY20/21 Rs 181.53 Crores Rs 2314 Crores
Balance Sheet Size FY21/22 Rs 227.41 Crores Rs 3287.21 Crores
Balance Sheet Size FY22/23 Rs 289.78 Crores Rs 4821.39 Crores

Comparison Link:

Compare Way2wealth Compare Shoonya by Finvasia
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Way2wealth Vs ASE Capital Markets Shoonya by Finvasia Vs ASE Capital Markets
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Way2wealth Vs Alice Blue Shoonya by Finvasia Vs Alice Blue
Way2wealth Vs 5Paisa Shoonya by Finvasia Vs 5Paisa
Way2wealth Vs M.stock Shoonya by Finvasia Vs M.stock
Way2wealth Vs WisdomCapital Shoonya by Finvasia Vs WisdomCapital
Way2wealth Vs Ventura Securities Shoonya by Finvasia Vs Ventura Securities
Way2wealth Vs Navia Markets Ltd Shoonya by Finvasia Vs Navia Markets Ltd
Way2wealth Vs Tradejini Shoonya by Finvasia Vs Tradejini
Way2wealth Vs Tata Securities Shoonya by Finvasia Vs Tata Securities
Way2wealth Vs Swastika Investmart Shoonya by Finvasia Vs Swastika Investmart
Way2wealth Vs SMC Global Shoonya by Finvasia Vs SMC Global
Way2wealth Vs SBICAP Securities Shoonya by Finvasia Vs SBICAP Securities
Way2wealth Vs SASOnline Shoonya by Finvasia Vs SASOnline
Way2wealth Vs Samco securities Shoonya by Finvasia Vs Samco securities
Way2wealth Vs RK Global Shoonya by Finvasia Vs RK Global
Way2wealth Vs Reliance Securities Shoonya by Finvasia Vs Reliance Securities
Way2wealth Vs Nirmal Bang Shoonya by Finvasia Vs Nirmal Bang
Way2wealth Vs Master Trust Capital Shoonya by Finvasia Vs Master Trust Capital
Way2wealth Vs Kotak Securities Shoonya by Finvasia Vs Kotak Securities
Way2wealth Vs Interactive Brokers Shoonya by Finvasia Vs Interactive Brokers
Way2wealth Vs IIFL Securities Shoonya by Finvasia Vs IIFL Securities
Way2wealth Vs Dhani Shoonya by Finvasia Vs Dhani
Way2wealth Vs IDBI Capital Shoonya by Finvasia Vs IDBI Capital
Way2wealth Vs HDFC Securities Shoonya by Finvasia Vs HDFC Securities
Way2wealth Vs Geojit Shoonya by Finvasia Vs Geojit
Way2wealth Vs Fyers Securities Shoonya by Finvasia Vs Fyers Securities
Way2wealth Vs Edelweiss Capital Shoonya by Finvasia Vs Edelweiss Capital
Way2wealth Vs Easytradez Shoonya by Finvasia Vs Easytradez
Way2wealth Vs Rupeezy Shoonya by Finvasia Vs Rupeezy
Way2wealth Vs Anand Rathi Shoonya by Finvasia Vs Anand Rathi
Way2wealth Vs Aditya Birla Money Shoonya by Finvasia Vs Aditya Birla Money
Way2wealth Vs Achiievers Shoonya by Finvasia Vs Achiievers
Way2wealth Vs A C Choksi Shoonya by Finvasia Vs A C Choksi
Way2wealth Vs Angel Broking Shoonya by Finvasia Vs Angel Broking
Way2wealth Vs Motilal Oswal Shoonya by Finvasia Vs Motilal Oswal
Way2wealth Vs ICICI Direct Shoonya by Finvasia Vs ICICI Direct
Way2wealth Vs Sharekhan Shoonya by Finvasia Vs Sharekhan
Way2wealth Vs Groww Shoonya by Finvasia Vs Groww
Way2wealth Vs Tradesmart Online Shoonya by Finvasia Vs Tradesmart Online
Way2wealth Vs Zerodha Shoonya by Finvasia Vs Zerodha

Frequently Asked Questions

Is Way2wealth better than Shoonya by Finvasia ?

Way2wealth and Shoonya by Finvasia are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Shoonya by Finvasia better than Way2wealth ?

Way2wealth and Shoonya by Finvasia are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Way2wealth cheaper than Shoonya by Finvasia ?

Way2wealth and Shoonya by Finvasia are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Shoonya by Finvasia cheaper than Way2wealth ?

Way2wealth and Shoonya by Finvasia are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Way2wealth vs. Shoonya by Finvasia ?

To find out the better of the two stockbrokers Way2wealth and Shoonya by Finvasia, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.